Lance Lambert, in his April 5th article, "Here’s How They Play Monopoly in America, and Who Wins: Market concentration in the U.S. has reached a three-decade high, while the government has opened fewer antitrust cases," quotes Maurice Stucke.
“When you have significant economic power, that can bring political power and anti-democratic pressures," said Maurice Stucke, a law professor at the University of Tennessee and a former Justice Department attorney. "We’re starting to see highly concentrated industries, profits accruing to a handful of firms, and fewer startups. And then you look at the impacts it could have on innovation and wealth inequality.”
The Obama administration did block several mergers in its second term, stopping mega-deals like Anthem Inc.'s merger with Cigna Corp. Stucke said the federal government needs to crack down harder on mergers, which can contribute to increased market concentration.
Stucke, who spoke at last week's conference, said attendees were interested in how President Donald Trump might approach antitrust matters. . . .
The obvious concern, Stucke said, is that Trump will treat monopolies the way his Republican predecessor did. Still, he said, Trump could very well surprise people.
“Everyone says it’s going to be like the Bush administration,” Stucke said. “But I’m looking at Makan, and depending on who he brings in as his deputies, there could be really strong intellectual leadership. I don’t see him as an ideologue wedded to the old economic beliefs.”
The article is available here <https://www.bloomberg.com/news/articles/2017-04-05/here-s-how-they-play-monopoly-in-america-and-who-wins>.
Maurice Stucke spoke at the American
Bar Association Section of Antitrust Law's 65th Spring Meeting in Washington DC.
The panel, titled "Competition
and Consumer Law Issues with Customer Profiling," gave an overview of the consumer protection and antitrust issues of Big Data.
Hill B. Wellford of Morgan Lewis & Bockius LLP moderated the panel, and the other panelists were David L. Meyer, Morrison & Foerster LLP, Thomas B. Pahl, Acting Director, Bureau of Consumer Protection, Federal Trade Commission, and Lydia Parnes, Wilson Sonsini Goodrich & Rosati PC.
of Chicago Booth School of Business hosted a three-day conference in March 2017, bringing together academics, regulators, and public intellectuals to discuss one of the most interesting questions of our time: Is there a concentration problem in the United States? The conference cast a wide net, in an attempt to provide a multidisciplinary perspective on the issues.
Maurice participated on the panel, "Is There a Role for Political Antitrust?"
Guy Rolnik, University of Chicago Booth School of Business, moderated the panel. The other speakers were
Jonathan Baker, Professor of Law, American University, Washington College of Law,
Diana Moss, Director, American Antitrust Institute,
Zephyr Teachout, Fordham University, and
Luigi Zingales, Robert C. McCormack Distinguished Service Professor of Entrepreneurship and Finance, University of Chicago Booth School of Business.
The Developers Alliance hosted a program on competition and competition policy in the age of the Internet of Things. Allen Grunes was part of a panel discussing the changing ways in which consumers interact with software and some of the challenges of applying antitrust law to the IoT. The panel discussion followed a keynote presentation by David McLaughlin, who directs Google's global developer ecosystem.
Information about the event may be found here.
The European Political Strategy Centre gathered a select group of leading international experts, including Maurice Stucke, to provide input to the ongoing public consultation on ‘Building a European Data Economy’.
The other speakers were:
Ciro Cattuto, Head of Data Science Laboratory, ISI Foundation,
Aija Leiponen, Associate Professor, Applied Economics and Management, Cornell University
Gerald Spindler, Professor for Civil Law, Commercial and Economic Law, Comparative Law, Multimedia and Telecommunication Law, University of Goettingen,
Peter Swire, Huang Professor of Law and Ethics, College of Business Georgia Institute of Technology, and
Christiane Wendehorst, Professor of Law, University of Vienna
The hearing was facilitated by Ann Mettler, Head, European Political Strategy Centre, and Mario Mariniello, Digital Adviser to the European Political Strategy Centre.
A full transcript of the event will shortly be available at <https://ec.europa.eu/epsc/events/hearing-building-european-data-economy_en>.
Makan Delrahim, who was recently nominated to lead the Antitrust Division, is the subject of a profile by Melissa Lipman in Law360. The article, "Delrahim Pick Signals Traditional Republican Antitrust Tack," focuses on Makan Delrahim's "wide-ranging resume," including his time at the Antitrust Division during the Bush administration, government experience with trade and intellectual property issues, and years serving on the Senate Judiciary Committee. It quotes a number of people who have worked with Delrahim in the past including Jon Leibowitz, Jonathan Jacobson, Deb Garza, and Allen Grunes, noting that "colleagues who have worked with him on the Hill, in private practice and on the Antitrust Modernization Commission, described Delrahim as a thoughtful attorney who won't shy away from bringing cases when the evidence supports it."
The article in Law 360 may be found here (subscription required).
On March 16, 2017, EU Commissioner for Competition, Margrethe Vestager made an important speech concerning the potential anticompetitive risks of pricing algorithms. Her speech relied on examples from Maurice Stucke and Ariel Ezrachi's book, Virtual Competition. Several media outlooks reporting the speech discussed the book's findings, including Law360 <https://www.law360.com/articles/902648/eu-enforcer-takes-tough-line-on-automated-price-fixing-> abd
Maurice Stucke spoke on a panel, "Privacy & Big Data: Can the Big Data Companies be Coerced?" King’s
College London and Concurrences organized the conference. The other panelists were:
Andreas MUNDT, President, Bundeskartellamt, Bonn & Chairman, ICN,
Jorge PADILLA, Senior Managing Director – Head, Compass Lexecon Europe, Barcelona/Brussels, and
Maurits DOLMANS, Partner, Cleary Gottlieb Steen & Hamilton, London/Brussels.
The panel was moderated by William E. KOVACIC, Professor, King’s College London & Non-Executive Director, Competition and Markets Authority, London.
In his article, "Experts Question Effectiveness of Antitrust Approaches in Digital Economy," Joel Stashenko of the New York Law Journal quoted Maurice Stucke's comments at a recent forum sponsored by the antitrust law section of the New York State Bar Association.
The panel included Ethan Litwin and Alec Burnside of Dechert, Jason Furman, the former chairman of the Council of Economic Advisers under the Obama administration, and Columbia law professor Tim Wu.
The article is available here.